Germany's Merkel: Euro fund idea good, interesting

WilliamL. Watts

LONDON (MarketWatch) -- German Chancellor Angela Merkel on Monday said the idea of a European Monetary Fund that would aid troubled countries within the 16-nation euro zone is sound, Dow Jones Newswires reported. Speaking to foreign reporters in Berlin, Merkel said she found the idea "good and interesting," but that questions about how such an entity would be founded and the scope of its powers would need to be ironed out.

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